Thursday, May 17, 2012

ECB policy making cackle European markets


Kebijakan ECB bikin bursa Eropa keok

LONDON . European stocks beaten , after the European Central Bank ( ECB ) to stop a bank loan to Greece . That means the stock market has been terpapas blue continent for the fourth day .

Europe Stoxx 600 Index fell 0.3 % to 243.73 positions at 8:25 London time . European benchmark stock index has cut 3.3 % in the last four sessions .

Meanwhile, some of the major exchanges such as the Stoxx 50 slid 0.46 % . Then , the FTSE 100 index minus 0.45 % , and the DAX index fell 0.14 % .

Yesterday, the ECB said it will temporarily stop lending to some Greek banks to avoid risks . President Mario Draghi suggests , the ECB will not compromise on core principles to keep the Greeks remain in the Euro .

Besides the issue of Europe , the market is also depressed because of the Federal Reserve signaled the U.S. economy may need more stimulus . This indicates the U.S. economic recovery may not go smoothly .

For the record , on this day , some exchanges such as in Switzerland , Norway , Sweden , Denmark and Finland are closed over the holidays.

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